Common use of Disposition of Assets Clause in Contracts

Disposition of Assets. So long as any Notes remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; or (C) with the prior written consent of the holders of a majority of the holders of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales of obsolete assets and sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; business or (C) with the prior written consent of the holders of a majority of the holders principal amount of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; business or (C) with the prior written consent of the holders of a majority of the holders of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except (i) for (A) sales of obsolete assets and sales to customers in the ordinary course of business; business and (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; or (Cii) with the prior written consent of the holders of a majority of the holders principal amount of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales of obsolete assets and sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; business or (C) with the prior written consent of the holders of a majority of the holders of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any material amount of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales to customers in the ordinary course of business; (B) , sales of assets not in excess inventory to subcontractors, sales or assignments of 25% of accounts receivable to the Company’s total assets as shown on its balance sheet; 's contract manufacturers or (C) with their lenders, without the prior written consent of the holders of a majority of the holders principal amount of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any Notes remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales to customers in the ordinary course of business; or (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; or (C) with the prior written consent of the holders of a majority of the holders of the Notes and Warrants then outstandingPurchaser.

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; business or (C) with the prior written consent of the holders of a majority of the holders of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any Notes remain remains outstanding, neither the Company Company, nor any Subsidiary of its Subsidiaries shall sell, transfer or otherwise dispose of any of its material properties, assets and rights including, without limitation, its software technology and intellectual property, to any person except for (Ai) sales to customers in the ordinary course of business; business (Bii) sales of assets not in excess of 25% of or transfers between the Company’s total assets as shown on its balance sheet; , the Subsidiaries (iii) disposition of obsolete or worn out technology or equipment or (Ciiv) otherwise with the prior written consent of the holders of a majority of the holders of Notes then outstanding (the Notes and Warrants then outstanding“Majority Holders”).

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary subsidiary shall sell, transfer or otherwise dispose of any material amount of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales of obsolete assets and sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; business or (C) with the prior written consent of the holders of a majority of the holders principal amount of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any Notes remain remains outstanding, neither the Company Company, nor any Subsidiary of its Subsidiaries shall sell, transfer or otherwise dispose of any of its material properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (Ai) sales to customers in the ordinary course of business; business (Bii) sales of assets not in excess of 25% of or transfers between the Company’s total assets as shown on its balance sheet; , the Subsidiaries (iii) disposition of obsolete or worn out equipment or (Ciiv) otherwise with the prior written consent of the holders of a majority of the holders of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; business or (C) with the prior written consent of the holders of a majority of the holders principal amount of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any Notes remain outstanding, neither the Company Company, nor any Subsidiary of its Subsidiaries shall sell, transfer or otherwise dispose of any of its material properties, assets and rights including, without limitation, its software and intellectual property, to any person except for for: (Ai) sales to customers in the ordinary course of business; (Bii) sales or transfers between the Company and its Subsidiaries; (iii) disposition of assets not in excess of 25% of the Company’s total assets as shown on its balance sheetobsolete or worn out equipment; or (Civ) otherwise with the prior written consent of the holders Majority Holders (as defined in Section 7.3 of a majority of the holders of the Notes and Warrants then outstandingthis Agreement”).

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; business or (C) with the prior written consent of the holders of a majority of the holders of the Notes and Warrants then outstandingPurchasers.

Disposition of Assets. So long as any Notes or Preferred Stock remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; or (C) with the prior written consent of the holders of a majority of the holders of the Notes and Notes, Preferred Stock and/or Warrants then outstanding.

Disposition of Assets. So long as any the Notes remain --------------------- outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; business or (C) with the prior written consent of the holders of a majority of the holders of the Notes and Warrants then outstandingPurchasers.

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary subsidiary shall sell, transfer or otherwise dispose of any of its material properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (Ai) sales to customers in the ordinary course of business; , (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; or (Cii) with the prior written consent of the holders of a majority of the holders of the Notes and Warrants then outstanding, or (iii) in connection with a Subsequent Financing.

Disposition of Assets. So long as any Notes Warrants remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (Ai) sales to customers in the ordinary course of business; , (Bii) sales of assets not in excess of 25% or transfers between the Company and its Subsidiaries or between Subsidiaries of the Company’s total assets as shown on its balance sheet; , or (Ciii) otherwise with the prior written consent of the holders of a majority of the holders of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any material amount of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; or (C) with , without the prior written consent of the holders of a majority of the holders principal amount of the Notes and Warrants NOTES then outstanding.

Disposition of Assets. So long as any the Notes remain ---------------------- outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except (i) for (A) sales of obsolete assets and sales to customers in the ordinary course of business; business and (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; or (Cii) with the prior written consent of the holders of a majority of the holders principal amount of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any Notes the Note and/or Warrant remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; business or (C) with the prior written consent of the holders of a majority holder of the holders of the Notes and Warrants then outstandingNote.

Disposition of Assets. So long as any Notes remain outstanding, neither the Company nor any Subsidiary subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (Ai) sales to customers in the ordinary course of business; , (Bii) sales of assets not in excess of 25% of or transfers between the Company’s total assets as shown on its balance sheet; Company and the Subsidiaries, or (Ciii) otherwise with the prior written consent of the holders of a majority of the holders of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) sales of obsolete assets and sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; business or (C) with the prior written consent of the holders of a majority of the holders principal amount of the Notes and Warrants then outstanding.. Page19

Disposition of Assets. So long as any the Notes remain outstanding, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (Ai) sales to customers in the ordinary course of business; (Bii) sales or transfers of equipment in the ordinary course of business because such equipment is obsolete or no longer necessary; (iii) sales of assets not in excess shares of 25% common stock of the Company’s total assets as shown on its balance sheetInfoTech Enterprises Limited; or (Civ) with the prior written consent of the holders of a majority of the holders principal amount of the Notes and Warrants then outstanding.

Disposition of Assets. So long as any Notes remain outstandingprincipal amount remains outstanding on any Note, neither the Company nor any Subsidiary shall sell, transfer or otherwise dispose of any of its properties, assets and rights including, without limitation, its software and intellectual property, to any person except for (A) licenses or sales to customers in the ordinary course of business; (B) sales of assets not in excess of 25% of the Company’s total assets as shown on its balance sheet; business or (C) with the prior written consent of the holders of a majority of the holders aggregate outstanding principal balance of the Notes and Warrants then outstandingall Notes.